Astrotech Co. (NASDAQ:ASTC) Short Interest Update

Astrotech Co. (NASDAQ:ASTC) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 17,300 shares, a decline of 8.5% from the March 15th total of 18,900 shares. Based on an average daily trading volume, of 3,500 shares, the days-to-cover ratio is currently 4.9 days. Currently, 1.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Astrotech

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Astrotech by 8.1% during the fourth quarter. Vanguard Group Inc. now owns 53,655 shares of the aerospace company’s stock valued at $456,000 after purchasing an additional 4,041 shares during the last quarter. Acuitas Investments LLC grew its holdings in shares of Astrotech by 18.2% during the fourth quarter. Acuitas Investments LLC now owns 62,570 shares of the aerospace company’s stock valued at $531,000 after purchasing an additional 9,623 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Astrotech during the fourth quarter valued at approximately $113,000. Renaissance Technologies LLC grew its holdings in shares of Astrotech by 173.4% during the third quarter. Renaissance Technologies LLC now owns 158,589 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 100,589 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Astrotech during the first quarter valued at approximately $56,000. 24.35% of the stock is owned by institutional investors.

Astrotech Stock Up 0.5 %

Shares of Astrotech stock opened at $9.74 on Wednesday. The firm has a market cap of $16.56 million, a P/E ratio of -1.55 and a beta of -0.17. Astrotech has a fifty-two week low of $7.00 and a fifty-two week high of $15.11. The business has a 50-day moving average price of $8.48 and a 200 day moving average price of $8.40.

Astrotech (NASDAQ:ASTC) last announced its quarterly earnings data on Monday, February 12th. The aerospace company reported ($1.62) earnings per share for the quarter. The firm had revenue of $1.12 million during the quarter. Astrotech had a negative net margin of 515.23% and a negative return on equity of 23.57%.

About Astrotech

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.